International

Operational Risk

FSB Finalises Third-Party Risk Management Toolkit

By Editors | 05/12/2023

Tools are provided to help FIs identify critical services and manage third-party risks, and to help regulators supervise such risks.

Sustainable Finance

GFANZ Plots Path Toward Net Zero Transition

By ESG Investor | 05/12/2023

Around 250 financial institutions will have published their transition plans based on the NZTP framework within the next year.

Climate Risk

Bhutan Becomes First Country to Integrate with CAD Trust

By Manesh Samtani | 04/12/2023

By integrating with CAD Trust, Bhutan guarantees the efficiency and transparency of its climate mitigation efforts, in line with Article 6 of the Paris Agreement.

Reporting & Disclosures

IOSCO Takes Stock of Measures to Address Greenwashing

By Manesh Samtani | 04/12/2023

IOSCO describes the challenges of addressing greenwashing and provides an overview of initiatives undertaken in various jurisdictions to tackle this risk.

Sustainable Finance

MAS Launches Coalition to Test Carbon Credits for Coal Phase-Out

By Editors | 04/12/2023

Two pilot projects will be undertaken to test the use of transition credits to help finance the early retirement of coal-fired plants.

Climate Risk

IOSCO Proposes 21 Good Practices to Promote VCM Integrity

By Manesh Samtani | 04/12/2023

The Good Practices cover regulatory frameworks, primary market issuance, secondary market trading, and use and disclosure of use of carbon credits.

Sustainable Finance

World Bank Unveils Roadmap for Scaling Carbon Markets

By Editors | 03/12/2023

The World Bank will help 15 countries earn income from the sale of carbon credits generated from preserving their forests.

Payments & Settlements

Payments Into Europe Can Now Reach Beneficiaries “in Seconds”: Swift

By Editors | 03/12/2023

The EPC’s One-Leg-Out Instant Credit Transfer scheme enables payments to and from Europe to be processed 24 hours a day, seven days a week.

Reporting & Disclosures

IFRS Foundation Launches Knowledge Hub for ISSB Standards

By Editors | 03/12/2023

The hub will help companies prepare for their ISSB disclosures, and help auditors, investors, and regulators better understand the new standards.